NYSE:TECK

Teck Resources - TECK Stock Forecast, Price & News

$30.12

+1.37 (+4.77%)

(As of 08/5/2022 12:00 AM ET)

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Today's Range: $28.50
▼
$30.18
50-Day Range: $25.73
▼
$45.74
52-Week Range: $19.32
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$45.90

Volume: 6.03 million shs
Average Volume: 5.80 million shs
Market Capitalization: $15.71 billion

P/E Ratio: 3.74
Dividend Yield: 1.31%
Price Target: $51.13

Teck Resources MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.88 Rating Score
Upside/Downside: 69.8% Upside
$51.13 Price Target
Short Interest: Healthy
1.76% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -9.56
Upright™ Environmental Score
News Sentiment: -0.18
Based on 10 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -35.08%
From $6.87 to $4.46 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.65 out of 5 stars

Basic Materials Sector

40th out of 219 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

2nd out of 21 stocks

4.4

Analyst's Opinion

Consensus Rating
Teck Resources has received a consensus rating of Buy. The company's average rating score is 2.88, and is based on 15 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $51.13, Teck Resources has a forecasted upside of 69.8% from its current price of $30.12.
Amount of Analyst Coverage
Teck Resources has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
1.76% of the float of Teck Resources has been sold short.
Short Interest Ratio / Days to Cover
Teck Resources has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Teck Resources has recently decreased by 2.52%, indicating that investor sentiment is improving.

2.5

Dividend Strength

Dividend Yield
Teck Resources pays a meaningful dividend of 1.31%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Teck Resources has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Teck Resources is 4.97%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Teck Resources will have a dividend payout ratio of 8.97% next year. This indicates that Teck Resources will be able to sustain or increase its dividend.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Teck Resources has received a -246.28% net impact score from Upright. The largest negative impact of Teck Resources in category "GHG emissions" seems to be driven mostly by its "Coke (from coal)", "Zinc", and "Copper" products. See details.
Environmental Sustainability
The Environmental Impact score for Teck Resources is -9.56.

2.1

News and Social Media Coverage

News Sentiment
Teck Resources has a news sentiment score of -0.18. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.31 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 10 news articles for Teck Resources this week, compared to 3 articles on an average week.
Social Mentions This Week
MarketBeat has tracked 7 reddit mentions for Teck Resources this week, compared to 2 mentions on an average week.
Search Interest
Only 52 people have searched for TECK on MarketBeat in the last 30 days. This is a decrease of -19% compared to the previous 30 days.
MarketBeat Follows
63 people have added Teck Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 600% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Teck Resources insiders have not sold or bought any company stock.
Percentage Held by Institutions
55.81% of the stock of Teck Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Teck Resources are expected to decrease by -35.08% in the coming year, from $6.87 to $4.46 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Teck Resources is 3.74, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.17.
Price to Earnings Ratio vs. Sector
The P/E ratio of Teck Resources is 3.74, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 86.37.
Price to Earnings Growth Ratio
Teck Resources has a PEG Ratio of 2.14. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Teck Resources has a P/B Ratio of 0.76. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Teck Resources (NYSE:TECK) Stock

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. It operates through Steelmaking Coal, Copper, Zinc, Energy, and Corporate segments. The company's principal products include steelmaking coal; copper, gold, blended bitumen, lead, silver, molybdenum, zinc, and zinc concentrates; chemicals, fertilizers, and other metals. It also produces indium and germanium. In addition, the company holds interest in Frontier oil sands projects in the Athabasca region of Alberta; and owns interests in exploration and development projects in Australia, Chile, Ireland, Mexico, Peru, Turkey, and the United States. The company was formerly known as Teck Cominco Limited and changed its name to Teck Resources Limited in April 2009. Teck Resources Limited was founded in 1913 and is headquartered in Vancouver, Canada.

Teck Resources Trading Up 4.8 %

Shares of NYSE:TECK traded up $1.37 during trading hours on Friday, reaching $30.12. The stock had a trading volume of 6,032,666 shares, compared to its average volume of 5,798,118. The company has a current ratio of 1.82, a quick ratio of 1.25 and a debt-to-equity ratio of 0.25. The firm has a market cap of $15.71 billion, a price-to-earnings ratio of 3.74, a P/E/G ratio of 2.14 and a beta of 1.15. The business's fifty day moving average price is $32.96 and its two-hundred day moving average price is $36.35. Teck Resources has a 52-week low of $19.32 and a 52-week high of $45.90.

Teck Resources (NYSE:TECK - Get Rating) (TSE:TECK) last posted its earnings results on Wednesday, July 27th. The basic materials company reported $3.25 earnings per share for the quarter, topping analysts' consensus estimates of $2.01 by $1.24. The company had revenue of $5.79 billion during the quarter, compared to analyst estimates of $5.59 billion. Teck Resources had a return on equity of 23.73% and a net margin of 28.90%. Teck Resources's revenue was up 126.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 earnings per share. Analysts expect that Teck Resources will post 6.87 EPS for the current fiscal year.

Teck Resources Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 15th will be issued a dividend of $0.097 per share. The ex-dividend date is Wednesday, September 14th. This represents a $0.39 dividend on an annualized basis and a yield of 1.29%. Teck Resources's dividend payout ratio is currently 4.97%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Stifel Nicolaus lowered their target price on Teck Resources from C$68.00 to C$62.00 in a research report on Tuesday, July 19th. Barclays lowered their price objective on Teck Resources from C$50.00 to C$42.00 in a research report on Tuesday, July 19th. Royal Bank of Canada lowered their price objective on Teck Resources from C$67.00 to C$60.00 in a research report on Thursday, July 28th. Scotiabank lowered their price objective on Teck Resources from C$57.00 to C$54.00 in a research report on Thursday, July 28th. Finally, Clarkson Capital restated a "neutral" rating on shares of Teck Resources in a research report on Tuesday, June 14th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $50.13.

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TECK Stock News Headlines

August 3, 2022 | americanbankingnews.com

Analysts Set Expectations for Teck Resources Limited's FY2022 Earnings (NYSE:TECK)

August 3, 2022 | americanbankingnews.com

Teck Resources Limited (NYSE:TECK) Forecasted to Earn Q3 2022 Earnings of $1.04 Per Share

August 1, 2022 | americanbankingnews.com

Canaccord Genuity Group Upgrades Teck Resources (NYSE:TECK) to "Buy"